CALIFORNIA | LOCAL
November 18, 2010 |
The Maywood Elementary Flowers, clad in sky blue shirts and sunflower headbands, performed a song in the auditorium. School district officials and well-dressed guests looked on, the news cameras rolled and third-grade teacher Tamara Garfio sat with her class near the back of the room. She had no clue it was all for her. In a surprise announcement Wednesday, Garfio received the Milken Educator Award, an honor given to about 60 teachers nationwide each year that comes with a prize of $25,000 ?
July 25, 2002 |
LeapFrog Enterprises Inc., a maker of educational toys backed by Michael Milken and Larry Ellison, raised $117 million Wednesday in an initial public offering. LeapFrog sold 9 million shares at $13 each, at the bottom of the $13-to-$16 range the company had indicated. Merrill Lynch & Co. and Citigroup Inc.'s Salomon Smith Barney managed the sale. The IPO comes amid a stock market slump that has limited sales of new equity.
September 24, 1999 |
A New York judge on Thursday dismissed a lawsuit arising from claims made about a New York criminal defense lawyer in "Den of Thieves," the 1991 bestseller about the fall of junk bond king Michael Milken. Attorney Michael F. Armstrong had filed suit against the book's author, James B. Stewart, and publisher Simon & Schuster, alleging defamation. Armstrong was mentioned only briefly in the book.
October 9, 1994
As a 1987 recipient of the Milken Family Foundation National Educator Award, I was pleased to see the colorful and insightful article by Bob Pool (Sept. 29) about two outstanding Los Angeles-area educators who had just been paid surprise visits by Lowell Milken and told, as admiring students looked on, that they had been selected to receive this prestigious award as well as $25,000 each. What your reporter could not know is the long-term effect this award has had on me and others like me. I have gained so much from the Milken Family Foundation's continued outreach and nurturing.
March 19, 1991 |
The Securities and Exchange Commission took a long-expected step Monday and banned former Drexel Burnham Lambert junk bond chief Michael Milken from the securities industry for life. The SEC also imposed a permanent ban on his brother, Lowell. The orders were part of a settlement of SEC administrative charges pending against the two. Michael Milken, 44, earlier this month began serving a 10-year term at a minimum-security federal prison in Northern California.
April 24, 1990 |
Michael Milken, the junk bond king who once made mighty corporations tremble, wept and pleaded guilty today to six criminal charges and agreed to pay $600 million to settle the biggest Wall Street fraud case ever against an individual. "I realize by my acts I have hurt those who are closest to me. I am truly sorry," Milken said, breaking down and crying as he read a statement in court.